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U.S. Delays Release of New Tariff List,
Hoping to Resolve Cashmere Dispute

By

Helene Cooper and

Geoff Winestock Staff Reporters of The Wall Street Journal

Updated Sept. 7, 2000 2:29 a.m. ET

The U.S. has delayed an escalation of the trade war with the European Union over bananas and hormone-treated beef, after Britain objected to a plan to impose retaliatory sanctions on Scottish cashmere.

Late Tuesday, British officials reacted strongly when informed that cashmere was on a revised list of $308.2 million (346.6 million euros) of EU products that would face sanctions. British Prime Minister Tony Blair had lobbied President...